Colombia (COL) and Ecuador (ECU) Trade | The Observatory of Economic Complexity

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Colombia-Ecuador Trade: In 2023, Colombia exported $2.19B to Ecuador. The main products that Colombia exported to Ecuador were Electricity ($267M), Packaged Medicaments ($142M), and Cars ($88.7M). Over the past 5 years the exports of Colombia to Ecuador have increased at an annualized rate of 2.07%, from $1.97B in 2018 to $2.19B in 2023.

In 2023, Colombia did not export any services to Ecuador.

Ecuador-Colombia In N/A, Ecuador did not export any products to Colombia.

In 2023, Ecuador did not export any services to Colombia.

Comparison: In 2023, Colombia ranked 51 in the Economic Complexity Index (ECI 0.23), and 54 in total exports ($54.8B). That same year, Ecuador ranked 104 in the Economic Complexity Index (ECI -0.85), and 65 in total exports ($37.3B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Colombia exported $2.19B to Ecuador. The main products exported from Colombia to Ecuador were Electricity ($267M), Packaged Medicaments ($142M), and Cars ($88.7M). During the last 5 years the exports of Colombia to Ecuador have increased at an annualized rate of 2.07%, from $1.97B in 2018 to $2.19B in 2023.

Ecuador does not register exports to Colombia. The main products exported from Ecuador to Colombia were Processed Fish ($140M), Particle Board ($99.4M), and Palm Oil ($74.8M).

Exports from Colombia () to Ecuador () (2023)

Exports from Ecuador () to Colombia () (2023)

Latest Data

Trade between Colombia () and Ecuador ()

Colombia Exports

Date

Ecuador Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Colombia
Top DestinationUnited States$14.8B

Ecuador
Top DestinationUnited States$8.34B

This map shows whether countries import more from Colombia or Ecuador. Each country is colored based on the difference in imports they receive from Colombia and Ecuador or the difference in the growth in imports.

In 2023, countries that imported more from Colombia than Ecuador included United States ($14.8B), Brazil ($2.12B), and Mexico ($1.86B).

In 2023, countries that imported more from Ecuador than Colombia included China ($7.96B), Russia ($924M), and Japan ($1.24B).

Difference in imports from Ecuador () and Colombia () (2023)

Comparative Advantage Colombia - Ecuador

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

This chart compares trade between Colombia and Ecuador by product, considering products traded by both, Colombia and Ecuador.

During 2023, Colombia had a large net trade with Ecuador in the exports of Chemical Products ($530M), Mineral Products ($323M), and Foodstuffs ($238M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Colombia Ecuador+$36.7MRefined Petroleum

Top Product Potential Ecuador Colombia+$20.2MCrustaceans

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Colombia and Ecuador. This means that a dot/product with the flag of Colombia indicates it has a comparative advantage over Ecuador. Similarly, a dot/product with the flag of Ecuador indicates it has a comparative advantage over Colombia.

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Historical Data

Bilateral Trade by Products

Exports from Colombia () to Ecuador () (2023)

Exports from Ecuador () to Colombia () (2023)

Latest Data

Trade between Colombia () and Ecuador ()

Colombia Exports

Ecuador Exports

Market Competitiveness

Difference in imports from Ecuador () and Colombia () (2023)

Comparative Advantage Colombia - Ecuador

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Colombia () and Ecuador () (2023)

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